Illinois House Bill 3013 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on February 15 2019 - 25% progression, died in committee
Action: 2019-03-29 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Pension Code. Creates the Downstate Firefighters Pension Investment Fund as a special district to exercise the authority to manage, invest, and reinvest the reserves, funds, assets, securities, and moneys of certain downstate firefighter pension funds that elect to transfer their investment authority and assets to the Investment Fund. Includes provisions relating to the transfer and investment of assets, auditing and reporting requirements, and the operation and administration of the Investment Fund. Reduces the amount of training required for trustees of downstate police and downstate firefighter pension funds. In the Downstate Firefighter Article, makes changes to Tier 2 survivors benefits, the calculation of final average salary for Tier 2 firefighters, the annual salary limitation for pension purposes applicable to Tier 2 firefighters, and the automatic annual increase to a Tier 2 firefighter's monthly pension. Makes changes to the formula for determining the required municipal contribution. Makes other changes. Amends the Property Tax Extension Limitation Law (PTELL) of the Property Tax Code to exclude from the definition of "aggregate extension" special purpose extensions made for contributions to a downstate firefighter pension fund that has elected to transfer its investment authority to the Investment Fund. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

PEN CD-DOWNSTATE POLICE INVEST

Sen. Robert Martwick [D]

Rep. Elizabeth Hernandez [D]

Date	Chamber	Action
2019-03-29	House	Rule 19(a) / Re-referred to Rules Committee
2019-03-22	House	Added Co-Sponsor Rep. Elizabeth Hernandez
2019-03-06	House	To Pension Reform Subcommittee
2019-02-26	House	Assigned to Personnel & Pensions Committee
2019-02-15	House	Referred to Rules Committee
2019-02-15	House	First Reading
2019-02-15	House	Filed with the Clerk by Rep. Robert Martwick

Chapter	Article	Section	Citation Type	Statute Text
30	805	8.43	New Code	See Bill Text
35	200	18-185	Amended Code	Citation Text
40	5	1-101.6	New Code	See Bill Text
40	5	1-101.7	New Code	See Bill Text
40	5	1-109.3	Amended Code	Citation Text
40	5	1-113.05	New Code	See Bill Text
40	5	1-113.1	Amended Code	Citation Text
40	5	1-113.2	Amended Code	Citation Text
40	5	1-113.3	Amended Code	Citation Text
40	5	1-113.4	Amended Code	Citation Text
40	5	1-113.4a	Amended Code	Citation Text
40	5	1-113.5	Amended Code	Citation Text
40	5	1-113.6	Amended Code	Citation Text
40	5	1-113.7	Amended Code	Citation Text
40	5	1-167	New Code	See Bill Text
40	5	22A-115.7	New Code	See Bill Text
40	5	4-102.1	New Code	See Bill Text
40	5	4-102.2	New Code	See Bill Text
40	5	4-109	Amended Code	Citation Text
40	5	4-109.1	Amended Code	Citation Text
40	5	4-114	Amended Code	Citation Text
40	5	4-118	Amended Code	Citation Text
40	5	4-120	Amended Code	Citation Text
40	5	4-123	Amended Code	Citation Text
40	5	4-128	Amended Code	Citation Text
40	5	4-128.1	New Code	See Bill Text
40	5	4-128.2	New Code	See Bill Text
40	5	4-128.3	New Code	See Bill Text
40	5	4-128.4	New Code	See Bill Text
40	5	4A-101	New Code	See Bill Text
40	5	4A-105	New Code	See Bill Text
40	5	4A-110	New Code	See Bill Text
40	5	4A-115	New Code	See Bill Text
40	5	4A-120	New Code	See Bill Text
40	5	4A-125	New Code	See Bill Text
40	5	4A-130	New Code	See Bill Text
40	5	4A-135	New Code	See Bill Text
40	5	4A-140	New Code	See Bill Text
40	5	4A-145	New Code	See Bill Text
40	5	4A-150	New Code	See Bill Text
40	5	4A-155	New Code	See Bill Text
40	5	4A-160	New Code	See Bill Text
40	5	7-199.5	New Code	See Bill Text
40	5	Art. 4A heading	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3013&GAID=15&DocTypeID=HB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/HB/10100HB3013.htm